TopBuild Corp. $BLD Shares Bought by Capital Research Global Investors

Capital Research Global Investors boosted its holdings in shares of TopBuild Corp. (NYSE:BLD) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,594,131 shares of the construction company’s stock after buying an additional 97,247 shares during the quarter. Capital Research Global Investors owned 12.80% of TopBuild worth $1,499,500,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC acquired a new stake in TopBuild during the 4th quarter worth approximately $26,000. Advisory Services Network LLC acquired a new stake in TopBuild during the 3rd quarter worth approximately $27,000. Parallel Advisors LLC lifted its holdings in TopBuild by 50.0% during the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock worth $31,000 after buying an additional 25 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in TopBuild by 310.5% during the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock worth $33,000 after buying an additional 59 shares in the last quarter. Finally, First Horizon Corp lifted its holdings in TopBuild by 138.9% during the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock worth $36,000 after buying an additional 50 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Price Performance

Shares of BLD opened at $402.45 on Friday. TopBuild Corp. has a twelve month low of $293.14 and a twelve month high of $559.47. The firm’s fifty day simple moving average is $407.27 and its 200-day simple moving average is $433.65. The firm has a market capitalization of $11.28 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 5.42 and a beta of 1.80. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the business earned $4.63 EPS. The company’s revenue was up 17.2% on a year-over-year basis. Equities analysts forecast that TopBuild Corp. will post 18.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BLD has been the topic of a number of research reports. Loop Capital lowered shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 target price on the stock. in a report on Wednesday, May 6th. DA Davidson restated a “neutral” rating and issued a $437.00 price objective (down from $465.00) on shares of TopBuild in a report on Wednesday, May 6th. Wells Fargo & Company reduced their price objective on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Benchmark reduced their price objective on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, UBS Group set a $440.00 price objective on shares of TopBuild in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $466.77.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.